37825 Property Tax Rate

Property owners in ZIP code 37825 (New Tazewell, Tennessee) pay a median of $693/year in property taxes on homes valued at $146,500. This translates to an effective tax rate of 0.47%, which is 14% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37825 is approximately $58, which factors into escrow payments on mortgages. This ZIP code is located within Claiborne County. This is $513 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37825 has lower property taxes. ZIP codes with similar effective rates include 38237 (0.47%) and 37882 (0.47%).

In New Tazewell, property taxes represent approximately 1.3% of the median household income of $51,573, providing context for the relative tax burden on homeowners in this area.

Tennessee assesses property at 25% of market value with no statewide cap on annual increases, meaning Claiborne County will reassess at sale and your taxes may rise annually without limit thereafter. Claiborne County offers a Homestead Exemption for seniors 65+ and disabled homeowners that reduces the taxable assessed value — apply directly to the Claiborne County Assessor's office with supporting age or disability documentation. File your exemption application promptly after closing to ensure it takes effect on your first tax bill and request a reassessment review from the Claiborne County Assessor.